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I was watching yesterdays trading and was surprised about the volume and price. I am wondering who would buy at 0.18 that many shares at that risk-reward-ratio. If voting on Tuesday is against the Asset Purchase Agreement, share price will most likely fall hard. And I think the outcome of the voting is not sure. So, there are 2 Cents to win and perhaps 10 Cents to loose. Yes, it is exciting. - I need a chat in my trading software to contact such buyers
"1. Is the company still alive?"
I think so, but I have no certainty.
www.avs.com
www.datascoops.com
"2. Do they have any income?"
I suspect yes, but the CEO wrote to me: "As a private company, AVS is no longer required to publish financial statements, however plans to keep in touch with its shareholders on a periodic basis via its website and other forms of public communication."
I have absolutely no up-to-date information.
"3. Since most of us were not informed of the merger so did not agree to merger, are we entitled to the last stock price of 0.13 per VMAN stock?"
Unfortunately I don't remember anymore about the details. You surely can find out from the filings. I think I did not have the option to vote, but I had the option to sell my shares to the company. But my brokers price for this was too high to decide to do that.
You could send an email to Mr. Sukman and ask your questions. If you get an answer, please let me know.
I am afraid, the only way we could see any money for our shares is that in the far future someone buys out the company.
It's not fair by the management to give no information to us. They are working with our money and we get nothing. No information and no dividends.
In my opinion there's no realistic way to sell.
In open market it's not possible, and selling to someone directly would mean you have to find someone who wants this.
I consider my shares worthless.
The CEO primised to keep in touch with us. But he does not. Therefore I have no information.
Yes, you are right, I am with IB.
Late last night I received an email with online voting instructions. I just voted.
Thanks for your reply!
Has anyone of you already got voting information from your brokers?
I have not yet and time gets short. I sent a message to my broker but didn't get a reply. The only thing I received - and I don't know if there's any relation to the Asset Purchase Agreement, since that's not only the case for ASNB - is some weird stuff about I could be an affiliate and therefore will be restrited in some way in trading.
Five years ago today, I made the first buy of ASNB. That's some time.
Since the publication of the asset purchase agreement and until the date of voting there's a time period of about 8 weeks. I think this should be enough for all potentially interested parties to think about they could make a better offer.
So, I have accepted the fate of the company. Means: I will vote for the agreement, if there will be no better offer until the meeting takes place.
"Could be some kind of Merge or Acquisition."
That's what I could imagine. Increase authorized shares that everything can be converted to shares because it will be.
I couldn't find a real reason for the increase of authorized shares. Someone else?
Are they going to convert the 658,133,201 shares? If so, it could be a positive sign.
Thanks!
I usually get such things from my broker by email/website (had this a few times) and can vote online (proxyvote).
This time I didn't receive anything. But I think it could be a bit early; I think we possibly could get it in the first week of January. In case we get something. From the 8-K:
"[...] proxy statement, which will be mailed or otherwise disseminated to the Company’s stockholders [...]"
All information about the deal is already available at the company website. That could be all we get.
Yet I am not sure if we can vote online anyway. The 8-K contains this:
"[...] in connection with the solicitation of proxies for the special meeting of stockholders to be held to approve the Transaction [...]"
I don't know if they have to meet a deadline, but they could actually hold a stockholders meeting at short notice. In that case most stockholders will not be able to participate and vote. Then the decision will be made in fact by management. I will not travel around the quarter of the world.
May I ask if you vote yes or no? I am tending to vote no, but I am far from being of relevant influence.
Yes, but it could be even worse.
By the way: I noticed that I missed something in my calculation. Not all options are for free. If I remember correctly, another $155000 of assets come from that.
Yes.
A week ago I sent an email to Mr. Adams but he doesn't reply.
My calculation:
outstanding shares as of 11/13/2019
21490621
options as of 11/13/2019
6550000
options converted at 12/06/2019
5225000
still convertible options
1325000
outstanding shares if all options are converted
28040621
purchase agreement
$7250000
I think these lines of the balance sheet as of 09/30/2019 will remain in the shell:
assets: cash+accounts receivable+prepaid expenses
+$935000
liabilities:
-$3097000
gives
$5088000
that's
$0.1815 per share
But I don't think we will get that.
I assume staff will get no severance pay since they got a job offer from Mitsubishi Chemical, but management probably will.
A big question is: Will they pay out the money to stockholders? And what will be the future of the shell? It has some value, too.
You could be right as well, but I think the original agreement is not anymore relevant.
And Mymetics is (also) not in a strong position in negotiations. - You know about Mymetics balance sheet an failures.
"And the more money Anergis has to pay Mymetics."
A more realistic contemplation: In about three weeks the agreement is expired. Anergis then could think about whether they possibly may be still interested. They could say: "Let's make a new deal. Cheap and cheaper or nothing."
My emotion is disappointment. And the facts led me to this emotion.
Fact is that all the years I am invested in MYMX there was never a conclusion of a contract with a concrete perspective despite this seemed to be close for several times. PRs always only tell about chances at the end of the rainbow or report about failure in science or business.
Unfortunately I dont't expect a PR before christmas and year end. And in that consequence I fear we will got toward $0.02 soon. - Even the chart tells that, though I am not conviced of chart analysis in OTC stocks.
Thanks for the holiday wishes!
The best to you and your familiy as well!
Absolute silence here. Rigidity induced by shock?
I didn't read the agreement completely, but didn't find anything positive. Someone else?
Two and a half months ago I wrote: "I think we can expect to get at least three more PRs this year. Should be an interesting autumn."
New it ssems to me that we will get nothing. Disappointing.
The longer I think about the deal I get more and more dissatisfied.
The deal seems to be at an absolute minimum at which it could be permitted by stockholders. But that's not a fair value of the company. They simply negotiated a cash payment to pay all debt and cover current market capitalisation.
Such a deal would only make sense, if there are other agreements as well.
It seems to me that ASNB will remain as a shell. So, I wonder if ASNB will get royalties.
Then you are probably right. Thanks!
0.20 is not much money. I'd like to know the reason for the sale, and why not wait and see what the cooperation with Access Scientific brings.
I would like to see another company making an offer for a buyout. Perhaps we just only saw a kind of advertisement. Why shouldn't Access Scientific be interested at such a price. (By the way: they have a new PR out.)
OK, Thanks!
I am a bit confused, now.
My understandig is, they "Sell Substantially All of Its Assets". That sounds to me, that a shell with several million USD in cash will remain.
Thank you!
Is approval given for 50%?
I am wondering if I should say yes.
I am also wondering, what the company would do with the money - pay dividend?
My poor English...
Will we have to vote or not?
"[...] has entered into a definitive Asset Purchase Agreement [...]"
"The Transaction is subject to the satisfaction or waiver of customary closing conditions, including approval by AdvanSource’s stockholders."
"The Company’s stockholders and other interested persons are urged to read the preliminary proxy statement and any amendments thereto and the definitive proxy statement, when it becomes available, in connection with the solicitation of proxies for the special meeting of stockholders to be held to approve the Transaction, because these documents will contain important information about the Company and the Transaction."
I am disappointed!
I am wondering if the press release regarding Stallergenes Greer simply means that there will be no deal with Anergis until December.
Bei Anergis steht bis spätestens Dezember eine Entscheidung an, und wegen dem Malaria- und HIV-Programm sollen wohl auch noch in diesem Jahr Ergebnisse kommen.
TheHungryHippo hat hier https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150345990 eine schöne Zusammenfassung geschrieben.
Ein fertiges Produkt hat Mymetics natürlich nicht auf dem Markt, aber das wäre ja auch angesichts der Art der Produkte und bei dieser Marktkapitalisierung zu viel verlangt, oder?
Was macht Dich denn so sicher in Deinen Äußerungen?
Klar, ich bin auch nicht gerade davon begeistert, wenn Beiträge vor Optimismus in Großbuchstaben überquellen, aber immerhin sollten in diesem Jahr noch drei wesentliche Nachrichten kommen, bei denen ich eher mit positivem rechne. Aber ich weiß natürlich auch nichts, nur frage ich mich, was Leute - sei es im Positiven oder Negativen - so sicher sein lässt.
Who's so cruel to me?
Such an action, but I don't see any news.
I think that's too optimistic and could lead to disappointment. The NT 10-Q said: "Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year willbe reflected by the earnings statements to be included in the subject report or portion thereof? [ ]Yes [X]No"
@Staypositive1: Thank you very much for your message!
I think we can expect to get at least three more PRs this year. Should be an interesting autumn.
Thank you!
That makes sense.
And it's a good sign. Hopefully the 10-Q is not far anymore.
There's a new OTCQB Certification available at otcmarkets.com.
ASNB changed from
"Company is registered under Section 12(g) of the Exchange Act"
to
"Company is reporting under Section 15(d) of the Exchange Act"
And at item (f) a financial consultant is mentioned - seems to be the first time.
What does that mean?
I conject it takes more time to do calculations with positive numbers (profits) than with negative ones.
I didn't read the 10-K completely, but couldn't find any reason for the non-timely filing.
By the way: in my opinion share price is by far too low.
If ASNB would be a start-up with such a product, I think it would be valued above 10M market-cap.
I did not reckon with a filing until today. But putting a sentence like "The subject quarterly report on Form 10-Q will be filed on or before the fifth (5 th ) calendar day following the prescribed due date of August 14, 2019." in the NT, while the last filing is strongly in delay, and again not releasing anything, is something that's not easy for me to express in English.